Why Is Footwear Company Caleres Stock Falling After Q1 Results?
Why Is Footwear Company Caleres Stock Falling After Q1 Results?
Caleres, Inc. (NYSE:CAL) shares are trading lower on Thursday after the company reported first-quarter results.
Caleres, Inc.（紐約證券交易所代碼：CAL）公佈第一季度業績後，該公司股價週四走低。
Quarterly earnings per share totaled 88 cents, missing the street view of 91 cents. Caleres reported first-quarter revenues of $659.198 million, missing the analyst consensus of $665.45 million.
每股季度收益總額爲88美分，低於91美分的街景。Caleres公佈的第一季度收入爲6.59198億美元，未達到分析師共識的6.6545億美元。
Caleres' inventory in the quarter under review was down 5.2% year over year, due to strategic inventory management – primarily in the Brand Portfolio segment.
Caleres在本報告所述季度的庫存同比下降5.2％，這要歸因於戰略庫存管理——主要是品牌組合領域。
Net sales were down 0.5% year over year. Operating earnings in the first quarter stood at $42.758 million, lower than $49.587 million in the year-ago period.
淨銷售額同比下降0.5％。第一季度的營業收益爲4275.8萬美元，低於去年同期的4,958.7萬美元。
Famous Footwear segment net sales increased by 0.1% in the quarter, while the Brand Portfolio segment net sales declined by 2.6%.
著名鞋類板塊的淨銷售額在本季度增長了0.1％，而品牌組合板塊的淨銷售額下降了2.6％。
Gross profit was $309.1 million, while gross margin was 46.9%, up 120 basis points year over year.
毛利爲3.091億美元，毛利率爲46.9％，同比增長120個點子。
Caleres exited the quarter with cash and equivalents worth $30.709 million.
Caleres帶着價值3,0709萬美元的現金及等價物在本季度退出。
In the near term, the company expects to continue to focus on reducing debt and still expects borrowings under its asset-based revolving credit facility will be less than $100 million by 2026.
在短期內，該公司預計將繼續專注於減少債務，並且仍預計到2026年，其基於資產的循環信貸額度下的借款將低於1億美元。
Outlook: Caleres still expects consolidated net sales to be flat to up 2% in fiscal year 2024.
展望：Caleres仍預計，2024財年的合併淨銷售額將持平至2％。
The company expects earnings per share of $4.30 to $4.60 versus the $4.60 estimate.
該公司預計每股收益爲4.30美元至4.60美元，而預期爲4.60美元。
For the second quarter, Caleres sees consolidated net sales to be up 3% to 4%. The company sees earnings per share of $1.20 to $1.25 against the consensus of $1.22.
Caleres預計第二季度的合併淨銷售額將增長3％至4％。該公司預計每股收益爲1.20美元至1.25美元，而市場普遍預期爲1.22美元。
Price Action: CAL shares are trading lower by 4.72% at $34.96 at last check Thursday.
價格走勢：週四最後一次檢查時，CAL股價下跌4.72％，至34.96美元。
譯文內容由第三人軟體翻譯。